Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,530 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,554 shares of the financial services provider’s stock after buying an additional 1,530 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. MBM Wealth Consultants LLC raised its stake in Interactive Brokers Group by 6.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 5,896 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 339 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Interactive Brokers Group by 19.2% during the 4th quarter. Vontobel Holding Ltd. now owns 43,578 shares of the financial services provider’s stock valued at $3,613,000 after purchasing an additional 7,020 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $1,910,000. Louisiana State Employees Retirement System bought a new stake in Interactive Brokers Group during the fourth quarter worth about $2,495,000. Finally, NewEdge Wealth LLC raised its stake in shares of Interactive Brokers Group by 3.7% in the fourth quarter. NewEdge Wealth LLC now owns 31,808 shares of the financial services provider’s stock valued at $2,637,000 after acquiring an additional 1,128 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.8 %

Interactive Brokers Group stock opened at $115.64 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92. The company’s 50-day moving average is $109.33 and its two-hundred day moving average is $93.30. The company has a market cap of $48.69 billion, a PE ratio of 19.77, a PEG ratio of 1.15 and a beta of 0.83.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.25 dividend. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is currently 6.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. UBS Group cut their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup raised their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling at Interactive Brokers Group

In other news, insider Thomas Aj Frank sold 46,709 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $90.58, for a total value of $4,230,901.22. Following the transaction, the insider now owns 209,975 shares of the company’s stock, valued at approximately $19,019,535.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Thomas Aj Frank sold 46,709 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $90.58, for a total value of $4,230,901.22. Following the completion of the sale, the insider now owns 209,975 shares in the company, valued at $19,019,535.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 333,940 shares of company stock valued at $31,751,285. 3.21% of the stock is currently owned by insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.